If CPI is below expectations (inflation easing), the market may expect the Federal Reserve to cut interest rates, the dollar will weaken, and funds will be more inclined to flow into risk assets like Bitcoin.

If CPI is above expectations (persistent inflation), it may delay rate cuts or even raise expectations for rate hikes, a stronger dollar will lead to the selling of cryptocurrencies.

CPI directly affects the strength of the dollar: when the dollar is strong, the holding cost of cryptocurrencies priced in dollars increases, putting pressure on prices; when the dollar is weak, Bitcoin and others are often seen as a choice to 'hedge against fiat currency depreciation', attracting more funds.

Currently, events like US-China trade negotiations and the lifting of the UK crypto ETF ban may also amplify the impact of CPI. If trade tensions ease along with cooling inflation, it might open the door to a 'super cycle' for cryptocurrencies.

Warm reminder: Data releases often lead to significant market volatility, beware of choosing high-leverage contracts!